Cannabis is now legal in New Jersey, however, being a federally illegal substance makes a marijuana dispensary or adult cannabis use business more unique than a typical business or startup.
Industry businesses face a ripple effect when it comes to business operations, including banking challenges, tax issues, credit card processing, more frequent audits, background checks, HR challenges, and more. Alloy Silverstein’s cannabis accountants and advisors have been preparing for legalization in recent years by conducting tax and business research, closely monitoring legislation, learning from CPA firms in legal states, and building industry relationships. Whether a dispensary is just an idea you want to pursue, or you have already opened one and are already facing the many business, cash, and tax challenges, turn to an experienced business advisor for guidance and clarity.
Our team members are versed in cannabis accounting and business operations and can help you from the early licensing process to the later, thriving stages of your legal cannabis, hemp, or CBD based business.
Since 1959, Alloy Silverstein has been an advisor to businesses that support the cannabis infrastructure, including real estate, retail, logistics, agriculture, and more. Our professionals can partner with an assortment of businesses in the legal cannabis industry for tax and advisory solutions, including growers and cultivators, dispensaries, retail businesses and e-commerce, distributors, startups, and investors.
Related Resources
Alloy Silverstein: Cannabis Industry Services [PDF]
Cannabis Taxes in New Jersey (July 2022)
From Seed to Sale: The Growing NJ Market for Cannabis
Marijuana: A High Point for the IRS
NJ Clarifies Cannabis and Anti-Discrimination Workplace Regulations for Employers
Addressing Unbanked Employees in your Payroll Strategy
NJ Cannabis and the Social Equity Excise Fee
NJ 101.5 FM: How Marijuana purchases are taxed in New Jersey
